GE, Bombardier Among Winners of $4.7 Billion Africa Deal
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Transnet SOC Ltd., South Africa’s state-owned ports and rail operator, picked four companies to supply new locomotives as part of a $4.7 billion investment to renew its aging fleet and boost capacity.
General Electric Co. and China’s CNR Rolling Stock will supply 465 diesel locomotives while Bombardier Inc. and China’s CSR Zhuzhou Electric Locomotive won the contract for 599 electric engines, Chief Executive Officer Brian Molefe told reporters in Johannesburg today. Most of the locomotives will be built in South Africa, he said.